Companies that sign up would also have to give a breakdown on premium calculations, charges and discounts.

Minister of State Robert Troy said he was disappointed insurance premiums have not fallen in recent years.

The ‘moratorium’ caused controversy after it emerged that a report into Fianna Fáil TD Robert Troy was withheld until after polling day

The Fianna Fáil TD said he currently has three properties in his own name and three in a partnership agreement